• • • • • • Definition, subject & text Lecturers Assessment Lecture program 4 instant classics on international monetary policy National income accounting & the balance of payments
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Definition, subject & text
•International monetary policy is about public-sector decisions concerning inflation, interest and exchange rates, where such decisions involve more than one country or currency. •ECON846 enables you to understand macroeconomic phenomena and policy debates in an international context. Upon completing the course you will be able to understand and interpret the continuous flow of data on the state of the world economy, and participate with confidence in debates about international economic policy. •Prescribed text Paul Krugman, Maurice Obstfeld and Marc Melitz, International Economics: Theory and Policy, 9th edition, Pearson/Addison-Wesley.
(We will only be using Parts 3 & 4 of this text, i.e., we will not use Parts 1 & 2.)
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ECON 846 lecturers
Lecturers 1. Geoff Kingston (weeks 1 - 3) Office: E4A 411. Email: geoff.kingston@mq.edu.au Note: except in emergencies, emails will only be answered during consultation times. Consultation times: Monday, Tuesday 2-4pm 2. Ben Wang (weeks 4 -13) Office: E4A 429 Email: ben.wang@mq.edu.au Note: except in emergencies, emails will only be answered during consultation times. Consultation times: tba Lecture/Tutorial Times and Venues Monday 18-20 hours, i.e. 6pm-9pm (Lecture/Tutorial) Tuesday 18-20 hours, i.e. 6pm-9pm (Lecture/Tutorial)
Room E5A 160 Room W6B 345
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Assessment
• Class test, in Week 7 (Monday April 8 & Tuesday April 9) & in place of lectures that week • Review essay, due by Tuesday 7 May • Final examination
20% 20% 60% 100%
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Assessment (ctd)
Class test: • Each week students will work through a set of